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Morgan Stanley cuts its 2012 forecast for Brent crude to $100, from $130, on its expectation for...

Morgan Stanley cuts its 2012 forecast for Brent crude to $100, from $130, on its expectation for returning supply from Libya, Canada and the North Sea. Analysts with the firm see weak demand offsetting inventory cuts by OPEC. Oil +1.3%
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  • Richard Mackenzie
    , contributor
    Comments (453) | Send Message
     
    With everybody else sharing the pain, and bailing each other out, why does it seem that the Oil producing states are not helping the global recovery by keeping the price of oil at least a bit lower, and stable? Have they lost control to the speculators? Are those the folks we want in charge of the price? At least OPEC has a stake in the health of the world economy. Speculators have only short term profits to concern them. Anyone old enough to remember when OPEN knew what was good for them? It was within my lifetime. What happened?
    29 Sep 2011, 07:31 AM Reply Like
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